Radian group inc (RDN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Revenues:
Direct

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

269,827

245,467

242,462

232,086

214,349

203,753

203,183

187,726

174,008

190,841

208,466

200,820

194,757

184,278

Assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-206

-10,397

88,531

-918

-1,028

-87,488

-747

-251

-11,788

1,624

2,011

575

-7,923

-1,248

Ceded

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,392

27,885

-6,425

21,891

31,389

38,587

9,003

9,188

9,442

9,716

8,805

26,588

26,933

27,529

Net premiums written

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251,229

207,185

337,418

209,277

181,932

77,678

193,433

178,287

152,778

182,749

201,672

174,807

159,901

155,501

Increase in unearned premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38,105

-14,597

-180,140

-18,314

4,847

89,687

-9,020

1,368

36,156

20,274

103,944

29,130

43,545

-42,767

Premiums Earned, Net

277,415

301,486

281,185

299,166

263,512

261,682

258,431

251,344

242,550

245,175

236,702

229,096

221,800

233,585

238,149

229,085

220,950

226,443

227,433

237,437

224,595

224,293

217,827

203,646

198,762

163,724

211,984

213,124

192,588

157,278

190,963

186,779

167,365

184,413

179,655

188,934

203,023

220,082

203,937

203,446

198,268

Services revenue (Note 3)

31,927

40,031

42,509

39,303

32,753

38,414

36,566

36,828

33,164

39,703

39,571

37,802

38,027

49,905

45,877

40,263

32,849

40,894

42,189

43,503

30,630

35,708

42,243

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment income

40,944

41,432

42,756

43,761

43,847

42,051

38,995

37,473

33,956

33,605

32,540

30,071

31,032

28,996

28,430

28,839

27,201

22,833

22,091

19,285

17,328

16,531

17,143

16,663

15,318

-13,099

26,732

27,615

26,873

-18,546

25,635

30,877

34,713

38,694

38,763

43,823

42,240

38,229

46,554

48,619

45,358

Net gains (losses) on investments and other financial instruments

-22,027

4,257

13,009

12,540

21,913

-11,705

-4,480

-7,404

-18,887

-1,339

2,480

5,331

-2,851

-38,773

7,711

30,527

31,286

-13,402

3,868

28,448

16,779

17,983

-6,294

25,332

42,968

36,391

-7,132

-130,254

-5,505

-64,255

84,659

26,419

67,459

38,866

81,640

44,236

37,435

-69,524

94,258

57,262

57,948

Total other-than-temporary impairment (OTTI) losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,171

20

11

0

0

34

38

18

Losses recognized in other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

Change in fair value of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,778

86,535

-167,670

-

-41,056

-33,124

-72,757

69,769

126,008

188,726

243,892

-185,935

229,783

-524,606

-77,954

Net (losses) gains on other financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

902

1,188

-5,675

88,256

-740

-61,862

-17,852

32,429

80,602

5,047

75,251

-51,799

4,882

-63,200

-101,564

Gain on sale of affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7,708

-

-

0

0

-

-

0

34,815

-

Other income

822

818

879

194

1,604

1,031

1,174

1,016

807

768

760

612

746

736

716

1,454

666

-1,886

1,711

1,743

1,331

535

1,162

1,739

1,126

1,571

1,314

2,234

1,771

1,432

1,328

1,395

1,440

1,551

1,404

1,196

1,448

3,042

1,951

-2,072

5,775

Total revenues

329,081

388,024

380,338

394,964

363,629

331,473

330,686

319,257

291,590

317,912

312,053

302,912

288,754

274,449

320,883

330,168

312,952

274,882

297,292

330,416

290,663

295,050

272,081

247,380

258,174

262,504

244,578

200,442

42,382

303,394

260,789

158,192

180,368

364,551

508,052

471,951

603,289

-45,905

581,331

-245,774

127,813

Expenses:
Provision for losses

35,951

34,619

29,231

47,427

20,754

27,140

20,881

19,337

37,283

35,178

35,841

17,222

46,913

54,287

55,785

49,725

42,991

56,805

64,192

32,560

45,028

82,867

48,942

64,648

49,626

135,548

154,849

140,291

132,059

268,174

176,352

210,868

266,154

355,984

249,598

263,566

427,373

415,809

344,389

435,166

543,880

Change in premium deficiency reserve (PDR)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,251

-629

-

966

559

-20

-665

-1,942

-3,102

-1,383

-14,664

8,628

-7,354

-1,231

Policy acquisition costs

7,413

6,783

6,435

6,203

5,893

6,485

5,667

5,996

7,117

5,871

5,554

6,123

6,729

5,579

6,119

5,393

6,389

4,831

2,880

6,963

7,750

6,443

4,240

6,746

7,017

-6,674

7,958

10,006

17,195

-17,647

12,927

10,805

28,046

12,796

11,449

14,387

14,131

10,750

11,054

16,797

14,868

Cost of services

22,141

-

-

-

24,157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of services

-

27,278

29,044

27,845

-

24,939

25,854

24,205

23,126

23,349

27,240

25,635

28,375

33,812

29,447

27,365

23,550

25,993

24,949

23,520

19,253

20,783

23,896

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

69,110

80,894

76,384

70,046

78,805

77,266

70,125

70,184

63,243

65,999

64,195

68,750

68,377

62,416

62,119

63,173

57,188

55,818

65,082

67,731

53,774

84,726

51,225

60,751

54,507

-

70,974

60,981

80,100

-

50,429

40,193

50,154

38,397

45,240

45,954

46,219

48,669

43,052

35,165

65,056

Restructuring and other exit costs

-

-

0

0

-

113

4,464

925

551

5,230

12,038

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

12,194

12,160

13,492

14,961

15,697

15,584

15,535

15,291

15,080

14,929

15,715

16,179

15,938

17,269

19,783

22,546

21,534

20,996

21,220

24,501

24,385

24,200

23,989

22,348

19,927

19,747

19,570

19,420

15,881

12,583

12,520

12,581

14,148

14,197

14,094

16,079

17,024

13,226

9,502

8,245

10,804

Impairment of goodwill (Note 7)

-

4,828

-

-

-

-

-

-

-

-

0

184,374

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Repurchase of Debt Instrument

-

-

-5,940

-16,798

-

-

0

0

-

0

-45,766

-1,247

-4,456

0

-17,397

-2,108

-55,570

-2,320

-11

-91,876

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and impairment of other acquired intangible assets

979

15,823

2,139

2,139

2,187

3,461

3,472

2,748

2,748

2,629

2,890

18,856

3,296

3,290

3,292

3,311

3,328

3,409

3,273

3,281

3,023

5,354

3,294

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

147,788

-

162,665

185,419

147,493

-

145,998

138,686

149,148

-

209,239

338,386

174,084

-

193,942

173,621

210,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170,172

181,607

250,432

153,213

224,373

155,586

154,493

131,077

193,346

253,351

231,949

244,606

288,489

253,194

275,006

358,482

420,709

318,439

336,884

503,364

473,790

416,625

488,019

633,377

Equity in net (loss) income of affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

-

0

-2

-11

0

0

0

65

0

0

6,570

8,098

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

181,293

205,639

217,673

209,545

216,136

176,485

184,688

180,571

142,442

164,727

102,814

-35,474

114,670

97,796

126,941

156,547

102,402

104,710

115,685

79,984

137,450

70,677

116,495

92,887

127,097

69,157

-8,773

-31,507

-202,223

14,918

7,595

-116,816

-178,125

-56,158

189,613

135,067

99,990

-519,695

164,706

-727,223

-497,466

Income tax provision

40,832

44,455

44,235

42,815

45,179

36,706

41,891

-28,378

27,956

157,911

37,672

-8,132

38,198

36,707

44,138

58,435

36,153

30,182

45,594

34,791

45,723

-807,349

-15,536

-10,650

-18,883

-22,346

3,909

1,665

-14,723

-35,143

-6,730

2,443

-8,893

65,381

6,045

-2,048

-3,016

612,922

52,521

-252,143

-187,111

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,112

66,249

74,528

70,091

45,193

91,727

878,026

132,031

103,537

145,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,855

530

-449,691

21,559

71,296

56,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

140,461

-

173,438

166,730

170,957

-

142,797

208,949

114,486

-

65,142

-27,342

76,472

-

82,803

-

-

74,528

70,091

50,048

92,257

428,335

153,590

174,833

202,759

36,369

-12,682

-33,172

-187,500

-177,302

14,325

-119,259

-169,232

-121,539

183,568

137,115

103,006

-1,132,617

112,185

-475,080

-310,355

Earnings Per Share, Basic [Abstract]
Net income (loss) from continuing operations, per basic share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.36

0.34

0.23

0.48

4.73

0.69

0.57

0.84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from discontinued operations, per basic share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.03

0.00

-2.46

0.11

0.39

0.33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic net income (loss) per share

0.70

0.77

0.85

0.80

0.80

0.65

0.67

0.98

0.53

0.03

0.30

-0.13

0.36

0.28

0.39

0.46

0.33

0.36

0.34

0.26

0.48

2.27

0.80

0.96

1.17

0.38

-0.07

-0.19

-1.30

-1.34

0.11

-0.90

-1.28

-0.93

1.39

1.04

0.78

-8.51

0.85

-4.31

-3.77

Earnings Per Share, Diluted [Abstract]
Net income (loss) from continuing operations, per diluted share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.32

0.29

0.20

0.39

3.71

0.58

0.47

0.68

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) from discontinued operations and disposal of discontinued operations, net of tax, per diluted share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.02

0.00

-1.94

0.09

0.31

0.26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net income (loss) per share

0.70

0.79

0.83

0.78

0.78

0.64

0.66

0.96

0.52

0.04

0.30

-0.13

0.34

0.27

0.37

0.44

0.29

0.32

0.29

0.22

0.39

1.77

0.67

0.78

0.94

0.38

-0.07

-0.19

-1.30

-1.34

0.11

-0.90

-1.28

-0.91

1.37

1.03

0.77

-8.50

0.84

-4.31

-3.77

Weighted-average number of common shares outstanding—basic

200,161

210,351

203,107

208,097

213,537

213,816

213,309

213,976

215,967

215,928

215,279

215,152

214,925

214,789

214,387

214,274

203,706

207,366

207,938

193,112

191,224

191,406

191,050

182,583

173,165

177,496

171,830

171,783

144,355

132,800

132,521

132,346

132,465

132,512

132,364

132,185

132,427

133,841

132,324

110,282

82,341

Weighted-average number of common and common equivalent shares outstanding—diluted

201,819

205,165

208,691

213,603

218,343

217,883

217,902

217,830

219,883

225,584

219,391

215,152

221,497

225,154

225,968

226,203

239,707

244,835

250,795

246,650

243,048

244,094

238,067

230,779

222,668

177,496

171,830

171,783

144,355

131,288

134,033

132,346

132,465

134,622

133,513

133,614

133,703

132,645

133,520

110,282

82,341

Dividends per share

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00